Appearing on the withdrawal of a Section 9 application filed by Ratnajyot Steel and Pipes Pvt Ltd against Vanamaali Infra Pvt Ltd, the Tribunal recorded the submission that the matter is settled and dismissed the application with liberty to revive, ensuring settlement fulfillment.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
SL.No.23
NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH COURT HALL NO: II
PHYSICAL HEARING
CORAM: JUSTICE TELAPROLU RAJANI – HON’BLE MEMBER (J) CORAM: SHRI CHARAN SINGH - HON’BLE MEMBER (T)
ATTENDANCE-CUM-ORDER SHEET OF THE HEARING OF NATIONAL COMPANY LAW TRIBUNAL, HYDERABAD BENCH, HELD ON 04.07.2023 AT 02:30 PM
| TRANSFER PETITION NO. | |
|---|---|
| COMPANY PETITION/APPLICATION NO. | Company Petition IB/20/2023 |
| NAME OF THE COMPANY | Vanamaali Infra Pvt Ltd |
| NAME OF THE PETITIONER(S) | Ratnajyot Steel and Pipes Pvt Ltd |
| NAME OF THE RESPONDENT(S) | Vanamaali Infra Pvt Ltd |
| UNDER SECTION | 9 of IBC |
ORDER
Counsel for the Petitioner submits that a memo seeking permission for withdrawal is filed online and also physically. He seeks to withdraw the application stating that the matter is settled between the parties. Hence, recording the said submission and based on the memo furnished by the Petitioner, the application is dismissed with liberty to revive the application in case the settlement is not fulfilled.
Sd/Sd/- MEMBER (T) MEMBER (J)
Apoorva
2 issues framed by the court
Whether to allow withdrawal of liquidation application upon settlement of dispute between parties
Whether to grant liberty to revive the application if settlement is not fulfilled
1 provisions across 1 enactments
Ratnajyot Steel and Pipes Pvt Ltd
Vanamaali Infra Pvt Ltd
TELAPROLU RAJANI
CHARAN SINGH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
